This Article is From Dec 01, 2014

Titan, Maruti Suzuki, United Spirits in Focus Today

Titan, Maruti Suzuki, United Spirits in Focus Today
The Nifty is likely to open flat on Monday as indicated by futures trade on Singapore Stock Exchange. Foreign investors continued to be net buyers of Indian equities on Friday as they have bought shares worth Rs 936 crore in cash market. However domestic investors were net sellers to the tune of Rs 439 crore on Friday. Sentiment is likely to be positive today as Brent crude price fell below $70 per barrel mark.

Here are the stocks likely to see action today

  1. Titan Company/PC Jeweller: Shares in jewellery retailers will be in focus today as the government on Friday has unexpectedly scrapped the 80:20 restriction on gold import which required jewellery makers to export 20 per cent of gold imported by them before they place order for the next consignment.

  2. United Spirits: Minority shareholders of the company has rejected 9 out of the 12 resolutions in its Extraordinary General Meeting (EGM) held on Friday which includes proposals relating to related party transactions. Analysts say most of the proposals lack complete disclosure.

  3. Maruti Suzuki India/Bajaj Auto/Hero MotoCorp: Auto companies will report their sale number for the month of November today. As per estimates of Nomura Maruti's sales is likely to grow 9.1 per cent year-on-year to 1,00,500 units, while Bajaj Auto is likely to report 15.9 per cent growth in its auto sales to 3.6 lakh units. Hero MotoCorp's sales is likely to increase 0.7 per cent y-o-y to 5.34 lakh units.

  4. SpiceJet: Rare Enterprise, promoted by billionaire investor Rakesh Jhunjunwala has bought 75 lakh (1.4 per cent stake) shares in SpiceJet on Friday.

  5. Gujarat Pipavav Port has raised cargo handling tariff by around 5 per cent with effect from January 1 against Street estimates of 3-3.5 per cent increase.

  6. Asian Paints/Berger Paints/Kansai Nerolac Paints: Shares in paint companies will be in focus today as crude prices fell to five-year lows. The fall in crude oil will be beneficial for paint companies as they use crude oil derivatives as their inputs.